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Burger King inks deal to open 1,000 stores in China

In this March 28, 2012 photo, a patron leaves a Burger King restaurant in Miami. THE CANADIAN PRESS/AP, Luis M. Alvarez

NEW YORK, N.Y. - Burger King is setting its sights on China.

The world's second largest hamburger chain says it will open 1,000 restaurants in the country over the next five to seven years. It's the largest multi-unit development deal in Burger King's history.

Burger King said Friday that its China expansion is a joint venture with the Kurdoglu family, which runs Burger King restaurants in Turkey, and private equity firm Cartesian Capital Group.

The Kurdoglu family currently operates Burger King's largest international franchise.

It's just the latest international expansion deal for Miami-based Burger King. Earlier this month, the chain announced plans to open several hundred new locations in Russia. A similar expansion deal was inked with a franchisee in Brazil last year.

News from © The Associated Press, 2012
The Associated Press

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